Today news
About the same in other media
Former Theranos CEO Holmes convicted of fraud and conspiracy
Reading now: 684
In a case that exposed Silicon Valley’s culture of hubris and hype, Elizabeth Holmes was convicted Monday of duping investors into believing her startup Theranos had developed a revolutionary medical device that could detect a multitude of diseases and conditions from a few drops of blood.
A jury convicted Holmes, who was CEO throughout the company's turbulent 15-year history, on two counts of wire fraud and two counts of conspiracy to commit fraud after seven days of deliberation. The 37-year-old was acquitted on four other counts of fraud and conspiracy that alleged she deceived patients who paid for Theranos blood tests, too.
The verdict came after the eight men and four women on the jury spent three months sitting through a complex trial
Read more on euronews.comAbout this in other media
Prince Andrew returns military affiliations and patronages as he prepares to fight sexual abuse case euronews.com /2 years ago
Credit Suisse poaches Nomura banker Tucker for investment bank and wealth management tie up fnlondon.com /2 years ago
Brexit: UK and EU both call for pragmatism as Liz Truss leads Northern Ireland Protocol talks euronews.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
